439: Secrets To Get Funded 6-7 Figures in 2024 - Michael Toma

439: Secrets To Get Funded 6-7 Figures in 2024 - Michael Toma

Secrets To Get Funded 6-7 Figures in 2024

In episode 439 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Michael Toma and he shares secrets to get funded 6-7 figures in 2024. Listen to experienced traders discuss things you need to know about prop firms this year.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode
  • 00:00 Introduction
  • 00:54 Where are you with prop firms these days?
  • 02:21 Knowing when you're ready to scale up
  • 03:46 How to figure out if you're good enough to pass the challenge
  • 04:55 Key pillars in risk management
  • 06:31 Thoughts on the moving average strategy
  • 07:41 Going above and going below is a bit unreliable
  • 08:30 What about drawdowns?
  • 09:47 Difference between options for drawdowns in prop firms
  • 10:55 How do you fix it when you fail a prop firm challenge?
  • 13:14 Common mistakes people make
  • 14:34 Picking the right timing
  • 16:52 Michael's opinion on backtesting
  • 18:55 The future of prop firms
  • 21:13 Difference between private capital and prop firms
  • 22:47 Risk-reward - 1:1 vs 5:1
  • 24:23 Higher win rate builds confidence
  • 25:44 How to become Michael's student (link below)
  • 27:05 Expert advisors (EA) trading
  • 29:34 What is the best place to convert my strategies into algos?
  • and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources About The Desire To Trade Podcast

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Michael Toma

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(587)

578: If You're About to Quit Trading, Watch This (Trader Motivation)

578: If You're About to Quit Trading, Watch This (Trader Motivation)

If You're About to Quit Trading, Watch This (Trader Motivation) In episode 578 of the Desire To Trade Podcast, you will hear no-nonsense advice from successful traders about the moments they almost qu...

21 Sep 20min

577: I Asked 4 Scalping Pros How They Really Make Money - Here's the Truth (1-Hour Masterclass)

577: I Asked 4 Scalping Pros How They Really Make Money - Here's the Truth (1-Hour Masterclass)

I Asked 4 Scalping Pros How They Really Make Money - Here's the Truth (1-Hour Masterclass) In episode 577 of the Desire To Trade Podcast, you will be listening to four scalping pros share how they cha...

14 Sep 1h 2min

576: Trading For A Living - 8 Years Later (Moritz Czubatinski)

576: Trading For A Living - 8 Years Later (Moritz Czubatinski)

Trading For A Living - 8 Years Later In episode 576 of the Desire To Trade Podcast, you will be listening to an interview with Moritz Czubatinski, who shares how he went from sitting at screens for si...

7 Sep 24min

575: The Master of Chart Analysis (35+ Years Trading) - Daryl Guppy

575: The Master of Chart Analysis (35+ Years Trading) - Daryl Guppy

The Master of Chart Analysis (35+ Years Trading) In episode 575 of the Desire To Trade Podcast, you will be listening to an interview with "The Chart Man", Daryl Guppy to discuss what happens when the...

31 Aug 31min

574: The 30 Year Institutional Pure Price Action Trader (Paul Scott)

574: The 30 Year Institutional Pure Price Action Trader (Paul Scott)

The 30 Year Institutional Pure Price Action Trader In episode 574 of the Desire To Trade Podcast, you will be listening to an interview with Paul Scott, who explains how more than 30 years in professi...

24 Aug 27min

573: This Is How Real Traders Actually Grow Their Account (1-Hour Masterclass)

573: This Is How Real Traders Actually Grow Their Account (1-Hour Masterclass)

This Is How Real Traders Actually Grow Their Account In episode 573 of the Desire To Trade Podcast, you will be listening to six successful traders share how they actually grew their accounts. Some tr...

17 Aug 1h 12min

572: I Turned $29k Into $1M Short Selling Stocks - David Capablanca

572: I Turned $29k Into $1M Short Selling Stocks - David Capablanca

I Turned $29k Into $1M Short Selling Stocks In episode 572 of the Desire To Trade Podcast, you will be listening to an interview with David Capablanca, who walks through how he went from financially i...

10 Aug 28min

571: How I Beat the Mental Game of Trading - Dr. Sophie Keller

571: How I Beat the Mental Game of Trading - Dr. Sophie Keller

How I Beat the Mental Game of Trading In episode 571 of the Desire To Trade Podcast, you will be listening to an interview with trading psychologist Dr. Sophie Keller to discuss why traders keep losin...

3 Aug 27min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-pa-konto
rss-borsmorgen-okonominyhetene
rss-skravla-gar
pengepodden-2
lederpodden
finansredaksjonen
utbytte
livet-pa-veien-med-jan-erik-larssen
tid-er-penger-en-podcast-med-peter-warren
rss-orjasater
pengesnakk
morgenkaffen-med-finansavisen
stormkast-med-valebrokk-stordalen
liberal-halvtime
rss-fa-makro
stockup